Identify the statement about current liabilities

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Reference no: EM13340445

Q 10.4: Identify the statement about current liabilities that is NOT true.

A Current liabilities include unearned revenues.
B Current liabilities include prepaid expenses.
C A current liability is a debt that can reasonably be expected to be paid out of existing current assets or result in the creation of other current liabilities.
D A company that has more current liabilities than current assets is usually the subject of some concern.

Reference no: EM13340445

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